The number of previously occupied homes sold in the United States dropped by 21 percent over the past year, according to new data from the National Association of Realtors (NAR) released Thursday.
New Housing Data Shows Home Sales Plunge 21 Percent in Last Year
Meanwhile, median home prices rose almost 4 percent annually
"Perhaps, there could be some recovery taking place, but the last couple of data releases are implying no," said Lawrence Yun, the NAR’s chief economist. "Things are slumping down again."
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